- Sun 23:01Ten of the world's largest public reporting shipping companies avoided paying $4.3 billion in additional taxes in 2024 due to the sector's privileged tax regime – enough to cover more than 30% of the annual carbon pricing proposed for the sector, according to a non-profit.
Gettin' Ziggo with it - Dutch telecom VodafoneZiggo has partnered with Danish carbon removal specialist Klimate to source a portfolio of CDR credits, as part of its plan to reach net zero emissions by 2030. Under the agreement, VodafoneZiggo aims to cut operational emissions by 90% from a 2018 baseline, with the remaining 10% to be neutralised through carbon removal. The company plans to scale its use of CDR credits from around 1% of emissions currently to 10% over the next five years, reflecting expectations of rising demand for removals as climate targets tighten. Klimate will curate a portfolio of projects spanning nature-based and engineered removals, with an emphasis on quality and long-term carbon storage. Initial investments include reforestation and land restoration through the EthioTrees project, as well as biochar production via Carboneers, which converts agricultural waste into stable carbon stored in soils. The deal underscores growing corporate interest in securing early access to high-quality CDR supply, in a market that remains nascent but is expected to expand rapidly as companies move to address residual emissions on the path to net zero.
- Sat 01:49Microsoft has suspended its carbon removal (CDR) buying programme, according to several sources, in a move that threatens to upend a nascent but fragile market heavily reliant on the tech giant’s demand.
- Sat 00:06Dirt rich - Ukrainian grain producer Kernel has entered the international audit phase of a Verra-certified soil carbon sequestration project covering 15,000 hectares in the Chernihiv region, with issuance of Verified Carbon Standard (VCS) credits contingent on successful verification expected within a year. The company is partnering with carbon project developer Sentinel Earth, is applying variable-rate fertiliser application, biological inputs, and cover crops across the pilot area, with project data feeding into programmes run by the European Bank for Reconstruction and Development (EBRD), the Food and Agriculture Organization of the United Nations (FAO), and NASA Harvest. The company said scaling the project follows verification, positioning it as a potential supplier to corporate buyers seeking to offset emissions.
- Fri 23:59
Fill 'er up... never - The US-Iran conflict has turbocharged global EV adoption, with SNE Research now projecting EVs will exceed half of new car sales by 2030 - ahead of its prior forecast by 9 pct, pts - as fuel price spikes reshape consumer economics. The firm revised its 2026 penetration estimate to 29% from 27%, with 2027 now seen hitting 35% versus an earlier 30%. Separately, SNE data showed non-China global EV deliveries reached 1.1 mln units in Jan.-Feb. 2026, up 18.4% YoY, though regional trends diverged sharply: Europe and Asia (excluding China) maintained growth while North America posted a double-digit decline following the expiration of US Inflation Reduction Act (IRA) federal EV tax credits. By automaker group, Volkswagen led non-China deliveries with 173,000 units, followed by BYD with 117,000, and Tesla, which slipped to third after a 1.1% decline to 113,000 units. BYD posted 80.5% growth in Asia and 104.1% in Europe during the two months, while Tesla dropped 13.1% in North America and 6.6% in Europe, per SNE. On batteries, CATL expanded its global market share to 42.1% from 38.7% in the first two months of 2026, while South Korean rivals LG Energy Solution, SK On, and Samsung SDI saw their combined share fall 2.2 pct. pts to 15%.
- Fri 23:46A worsening global energy shock triggered by the Middle East war is reinforcing calls to accelerate a managed fossil fuel phaseout, with more than 50 countries set to use the upcoming Santa Marta conference as an implementation-focused platform.
- Fri 20:31French Prime Minister Sebastien Lecornu announced Friday that public support for the energy transition will nearly double, rising to €10 billion per year by 2030 from around €5.5 bln today, along with a ban on the installation of new gas boilers as of next year.
- Kernel audit - Ukrainian agribusiness Kernel has begun an international audit of a 15,000-hectare soil carbon project in the country under Verra’s Verified Carbon Standard, with Sentinel Earth as a partner and data contributions supporting initiatives by the EBRD, FAO, and NASA Harvest. The project applies practices such as variable-rate fertilisation, biological inputs, and cover crops to reduce emissions and enhance soil carbon sequestration, with results now undergoing independent verification for conversion into carbon credits. If successful, Kernel said the initiative could generate credits priced at roughly $15-30 per tonne, support farm income and soil restoration in war-affected areas, and be scaled further, with potential demand from major corporates seeking offsets.
- Fri 19:48Verified emissions reported from installations, aircraft, and maritime operators covered by the EU ETS fell by 1.3% year-on-year (YoY) in 2025, the European Commission confirmed Friday.
- Fri 17:21EU carbon prices rose for a third week despite a day-long decline on Friday as traders reduced risk ahead of the weekend, amid a noticeable improvement in bullish sentiment and a slightly calmer atmosphere in Iran as the ceasefire appeared to be holding, though energy prices were mixed, reflecting fluctuating expectations that the Strait of Hormuz will be fully reopened.
- The carbon removal (CDR) sector saw smaller buyers take a larger share of the overall market in the first quarter of 2026, as the nascent industry looks to diversify demand away from large tech firms.
- Fri 16:31Renewable energy generation concessions being considered by Tunisia’s parliament won't be profitable without carbon finance, and must therefore occur within a carbon crediting and benefit-sharing framework, the country’s environment minister said this week according to local media.
- Fri 16:25The European Parliament is gearing up for talks over a new “Temporary Decarbonisation Fund” that would channel revenues from the EU’s Carbon Border Adjustment Mechanism (CBAM) back to EU exporters while tightening climate conditionality, according to a draft report put forward this week by French lawmaker Pascal Canfin.
- Fri 15:30The Nigerian government has announced an intention to mobilise $1 billion from public and private sources, including carbon markets, to tackle deforestation and livelihood losses.
- Fri 14:06Dwindling supplies - European airlines are at risk of 'systemic' shortages of jet fuel if the Strait of Hormuz doesn't fully re-open within three weeks, said airport trade body ACI Europe. In a letter sent to EU transport commissioner Apostolos Tzitzikostas, it warned that jet fuel supplies were running low, and that military activity was further straining supplies, and called for proactive EU monitoring and action to manage the situation. The approaching European summer season that relies on air travel to support tourism adds to these concerns, with suppliers unable to guarantee deliveries into May. Airlines such as Delta Airlines and Air New Zealand have begun cutting services as higher jet fuel prices have made some routes unprofitable. Benchmark north-west European prices for jet fuel closed at $1,573/t on Thursday, up from about $750/t before the Iran war, according to Argus Media. About 40% of global jet fuel transits through the Strait of Hormuz. (FT)
- Fri 13:38Renewed interest - Industrial companies in Germany are showing renewed interest in expanding investments in solar, electrification, and energy efficiency in response to rising fossil fuel prices due to the Iran war, business daily Handelsblatt reported. Energy management startup Encentive has seen many companies now pursuing energy projects they had put on hold after gas prices fell following Russia's initial invasion of Ukraine in 2022. E.ON said Mar. 2026 was the strongest month for solar PV demand from both private and business customers since 2023, and that medium-sized companies especially want to benefit from higher market volatility. Law Firm Ritter Gent has seen growing interest from industrials seeking to procure renewable electricity supply, and Schneider Electric and chemicals company Covestro shared similar observations. However, think tank Agora Industrie cautioned that true independence from fossil fuels calls for large investments in entirely new facilities at many large companies, requiring targeted financing and public funding offers to help them make the switch.
- Fri 13:03First production of new hydrogen-powered portable cookers that aim to generate voluntary carbon credits and promise zero CO2 emissions is due to begin in the third or fourth quarter of this year, the developer confirmed on Friday.
- Reforms to the EU ETS that ease prices in the cap-and-trade compliance carbon market would reduce the incentive to scale engineered CO2 removal technologies, according to experts, though complementary financing measures will also be essential to meet the bloc's negative emissions goals.
- Fri 12:21Brussels backs windfall tax - The European Commission's economy chief Valdis Dombrovskis told the European Parliament that they can go ahead and introduce a windfall tax on energy companies profiting from skyrocketing fuel prices. Dombrovskis also said the executive is looking into whether there could be a more coordinated approach at EU level. Austria, Germany, Italy, Portugal, and Spain issued a letter on Apr. 3 calling on Brussels to ensure unexpected profits stemming from the Middle East crisis are distributed fairly. (Politico)
- Fri 11:11Russian gas comeback – EU member states paid an estimated €2.88 billion for liquefied natural gas (LNG) from Russia’s Yamal Arctic project in the first quarter of 2026, according to Urgewald’s analysis of Kpler data. The bloc imported 69 cargoes totalling 5.07 million tonnes, accounting for 97% of Yamal’s global deliveries, with main destinations including Zeebrugge, Montoir, Dunkerque, Bilbao and Rotterdam. March alone generated €1.33 bln as TTF prices spiked following the attack on Iran and closure of the Strait of Hormuz, creating a “windfall for the Kremlin".
- Fri 11:08Several EU member states have urged caution over recognising international carbon credits as a “carbon price paid” in talks on extending the EU’s Carbon Border Adjustment Mechanism (CBAM), responding to a draft text that will form the basis of their joint negotiating position.
- Fri 06:09A Malaysian oil and gas company has joined a carbon offsetting programme run by Shell to balance emissions linked to its fuel operations, it said this week.
- Fri 04:35Verified emissions reported from stationary installations covered by the EU ETS fell by approximately 1.5% year-on-year (YoY) in 2025, according to multiple analysts' calculations of data published on the system registry Thursday.
- Fri 03:15The Sultanate of Oman has become the 32nd country to establish a partnership with Japan under the Joint Crediting Mechanism (JCM).
- Fri 01:27Verra has released updated guidance for projects seeking to apply Article 6 and/or UN aviation offsetting scheme CORSIA labels to carbon credits generated under its Verified Carbon Standard (VCS) Programme, it announced Thursday.
- Fri 01:00Europe risks falling behind in next-generation geothermal energy unless policymakers act more decisively, a coalition of nearly 70 businesses, investors, think tanks, and civil society groups said in an open letter published Friday.
CP Daily News Ticker: 10-12 April 2026
Introducing the CP Daily News Ticker, a running list of all our news updated in real-time throughout the day. This is also the new home to our ‘Bite-sized updates from around the world’, which previously featured in our CP Daily newsletter.
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